we will hear from jamie dimon. color on the numbers. jpmorgan up in premarket. top live blog is noting shares off highest gains in premarket. we will see where they go especially when the commentary comes out. the media commentary, let's bring in from south carolina, columbia, the high country, walter todd, greenwood c i/o. jpmorgan is one of the top holdings. -- cio. allison, let's start with you. what jumped out for you with these numbers? >> the bottom line the. beat. return on tangible common coming in at 70%, strong. the provision. credit continues to be -- a couple years ago jamie dimon said never, ever better. it continues to get better. jason: walter, you are a holder. is this what you are looking for from jamie dimon? walter: it is a solid quarter. not a home run. more like a double. given the market and shares over the past week, this is a solid moving higher. i was struck by the 6% core growth. that is solid, better than expectations. i'm not worried about the slowdown in ficc, given that the third quarter includes the slower summer months. alix: were

like jamie dimon, he's a bomb thrower? you know what the president said the other day, they know nothing. he's much stronger than i am >> mnuchin did not sound nearly as concerned as you when he talked to jeff at our 7:00 hour. >> our u.s. earnings are strong. i think it is a natural correction after the markets are up a lot there is no new information on the fed or trade on that matter. so i really see this is a reaction of markets tend to go too far in both directions and they have natural corrections. the markets traded up a little bit over night and i think it is a good thing >> the markets have been up because the chinese decided to stand there. they came in right around the time that all defense broke down for eli manning that ran for his life >> he does not move quickly. >> not ever. >> timmy freedman earlier on today, he played for the penn state team i am concerned when i hear the level of complacency from the fed. >> let's so say somebody not watching us for a couple of weeks and they are listening to you now, tw

. >> you wanted to point out what jamie dimon said about higher rates and the economy. >> i would alsooint out just about probabilities that rates can go high are. people should be prepared and not surprised. i'm surprised when people are surprised. asset and the why is more important. the kpee is strong preponderates are going up most of us consider it a healthy normalization. and going back to a more of a froh market when it comes to asset pricing and interest rates, et cetera we need that so to me overall is it's a good thing. >> all right karen. >> yes. >> the big take away was what. >> a couple of things. there was nothing to hate in the earnings call. the bar was low. i thought they jumped over the the bar perfectly well enough. yet the stock traded down which is disappointing but the thing actually interesting to me was that jamie dimon really stepped back a lot on the call. normally he is very, very involved in the calls. he knows the basis he can't help but jump in and make comments when people ask questions. did he by the way do a separate media call we could not hear but on

jp morgan chief executive jamie dimon will not attend an investment conference in riyadh amid growing tensions between the us and saudi arabia. he is the latest high—profile figure to pull out of the event dubbed "davos in the desert" following the disappearance of saudi journalist jamal khashoggi. the saudis deny killing mr khashoggi. as we've been hearing, sears, the us retailer that that once dominated america's shopping malls, has filed for bankruptcy.

for the next thirteen years so i think it's very very important now the fact that someone like jamie dimon the head of j.p. morgan chase refuses to go as of yesterday this is a main sign that the most important bank hence the bankers and so on so forth are not excited are shunning the conference now why would they do that i don't think

jamie dimon is dropping out of the fii. again, one has to ask if this is an escalation in terms of people questioning for now? the saudi's continued to deny, the turks are saying something else. there is a global feast of opinions. when you see someone like jamie dimon filling out -- pulling out, is that a signal? eric: definitely, he is one of the against names to attend the conference. when he says i am pulling out as well, that could probably encourage others to say, i am dropping out. the interesting thing is that in the dropouts they are not saying we are accusing the saudi authorities of doing this or that, they are saying until there is a clear answer on what happened inside the consulate, we still have big names on the list. u.k. were looking into boycotting the event. more could come. nejra: bloomberg's middle east emerging editor alaa. an important note that several companies have pulled out of the future investment initiate event. manus: coming up, the president threatens to implement further tariffs on china. we

we'll see how much those two figure in to the ceo statement jamie dimon elude today it a litt - eludedit with a little bit of political consternation we didn't hear just tariffs. that's what i'm interested the usual suspects we'll hear from automakers, caterpillar, the boeings of the world. are you going to hear from retailers, et cetera that's what i think you'll list zwroen. >> retailers, consumer discretionary trade have been leaders so far this year maybe not surprisingly they were among the hardest hit as they took the leg lower they caught a bit of a bid in friday's trading session what are we to read into that? are we in a position where the retail oriented and tech stocks are in leadership. does anything about friday's price action make you feel better or worse about the prospects for the overall market >> i think overall we are in a time right now and you see this happen every six months to a year where the ground is shifting a little bit. with all the news out there we are seeing the ground shift so what you're seeing people try to figure out is where do i put my money next t

jamie dimon, important relationships there, want to be an under writer for the potential ipo at some. jp morgan, chairman of ceo, jamie dimon, not going larry fink, black rock, you can go down the list, these are important decisions here unclear of what it is around the ramifications. this is a high-profile investment conference for the saudis saudi arabia of $45 billion of $100 billion vision fund, both in equity and debt related financing there. soft bank stock prices are down sharply >> not only that but saudi owns $200 billion in treasuries if the president is anger by $80 royal, nobody should change the price or double that figure which is hardly ever done by the saudis >> you accelerate and move to electronics so quickly that -- >> they have to be careful it is one of the reasons why oil and gas are so bad people are now really factoring in the end of the growth of gas off of electronic. you can say well, that's ridiculous and electronic is so small. anybody is looking at the picture right now, it is ridiculous i would point out david's right. this was davos this conference was

interviewed you in the past, the key thing seems to be the leadership lesson from day me dimon -- from jamie dimon is look at the bad things going on, that is your opportunity set. is that right also in policy? mr. dimon: yes. as a microcosm, we are coming to defeat we are here in commercial banking, investment banking. retailers do not want us to open retail branches. we opened these retail branches, 50, 70. 500 jobs directly, another 1000 indirectly. in those branches, small business lending, entrepreneurs. it is ward six and 7, 7 and eight, we are going to try some financial education in some branches. small business lending, affordable housing lending. we are here on the ground. you help the community. if you do a good job, you help lift up washington, d.c. the last question before we turn it over to the audience. you have seen a lot in the last 18 years and even before that. every executive, every leader, has made mistakes and has learned from those mistakes. tell me the biggest mistake you think you have made as a leader and what did you learn from it? mr. dimon: i have made so many, it is a

also today jpmorgan chase cpl jamie dimon talks about the economy and financial policy with american enterprise institute president arthur brooks at the headquarters in washington, d.c. watch live coverage at 1:15 p.m. eastern on c-span. looking at our campaign 2018 coverage of this week, tomorrow at 7 p.m. eastern virginia democratic senator tim kaine faces his republican challenger cory stewart in the second of two count health events. >> watch all these live on c-span, the primary source for campaign 2018. >> debate and discussion on the nomination of brett kavanaugh continued on the senate floor. while we're in this break we will show you some of that now. >> you can practically hear the democrats try to move the goalposts on judge kavanaugh's nomination to the supreme court. remember, before judge kavanaugh was even named, several democrats on the judiciary committee indicated they would oppose whomever, whomever the nominee might turn out to be. the junior senator from california, for example, explained on television that whoever president trump chose would bring about quote, t

jamie dimon has 80 employees in that country currently blackrock manages an enormous amount of money for the country, the same thing with these stones some people say this whole thing is hypocritical. clearly u.s. companies have, done business before >> this is so overt ly obvious in turkey we know what goes on we understand. if you saw the interview last night, lesley stahl read a complete list of things kim jong-un has done in the last five years for the gotcha part of that interview with how you could say that you love kim jong-un. she was very effective >> i apologize sources telling us that steven schwartzman has now officially canceled his trip. steven schwartzman, jamie dimon. >> when i look to see the market implications i went to market watch. first i thought, okay, let's hype this. call of the day, don't rule out $400 a barrel oil. i looked to see if this was a journalist saying it it's not they're citing the general manager. don't rule out 1 to 200, then they doubled it to put 400 so it could be in the headline for market watch which is the way things work. where are we to

you were when we've spoken in the past, that key things seems to be the leadership lessons from jamie dimon is look at all the bad things that are going on, that's your opportunity set. is that right also in policy? mr. dimon: yes. as a my cousin, we are here in investment banking, we are here in private banking, three liters want to open retail branches. andl these retail branches you are talking about 500 jobs directly, another 1000 indirectly. but it is branches, small business lending, entrepreneurs, we're going to put some of the seven,s in ward six and seven and eight, we're going to try some special financial education some of those branches and we're going to do small business lending, portable housing lending, more philanthropy, because we are here on the ground now i do not list of community. if we do a good job and can help lift up washington, d.c. question before i turn it over to the audience. you see a lot of the last 18 years as ceo in a long career even before that, every executive has -- every leader has made mistakes and has from those mistakes. tell me the biggest mistake

jamie dimon. he says he doesn't know any president that has not criticized the fed for raising interest rates. now on the other side of the trade, we had consumer technology names. the big technology ones, the fangs as we call them, facebook, apple, netflix, google. amazon and netflix drove the comeback today. so we're in the middle of earnings season. this is the heavy part of it. looks like expectations are priced for a good profit return. as you know, neil, markets trade on expectations. and the outlook going forward, what do we hear about tariffs? higher oil prices and the economy. back to you. >> thanks very much. susan li. interest rates weren't the only factor here. there were concerns that for example ford recording that their business sales fell 33% in china. that unnerved a lot of folks thinking it wouldn't be that big of a deal. it was a very big deal for ford. now to lauren simonetti in new york city on how average folks are putting up with this. lauren? >> the good news, neil, we had

morgan chase jamie dimon on the u.s. economy, he discusses the tax reform bill passed last december and the trump administration's efforts on deregulation. held by the american enterprise institute, this is an hour. >> delighted to welcome all of you here, and all of us watching online, to our friends in the press. what an honor and a light it is for me to host jamie dimon, who is sitting here to my right, as all of you know, he is the ceo and chairman of j.p. morgan chase. there are days when i am feeling sorry for myself, i think if i have 280 employees, jamie has 250,000 employees and $2.5 trillion in assets, i will never complain again. he is an entrepreneur who has truly embodied the spirit of something we talk about a lot of, which is the essence of entrepreneurship, understanding life and your enterprise. and by the age of 4, he was one of the preeminent chief executives in the united states, a place where he has remained and enhanced his reputation, not just as somebody who is a visionary in business, but also so

jpmorgan boss jamie dimon says the u.s.china are moving closer to an all out trade war and terrorists have already damaged the chinese economy -- tariffs have already damaged the chinese economy. he said the actual tariffs are small, but the wider effect is diminishing confidence, and businesses are not sure whether relations will turn for the worse. >> i call it a trade skirmish because the tariff effect is very small, but the secondary effect is oddly far bigger. the secondary effect, confidence, supply lines, with a get worse, what are the odds of a trade war, of something going south, of that retaliation? that is more negative than the tariffs. paul: the italian economy unexpectedly stalled in the third quarter, showing no growth for the first time in almost four years. the news was a blow to the populist government's expansionist plans, and ministers acknowledged it could be a problem. italian bonds fell after the numbers, showing the nation as the underperformer among the major eurozone economies. president trump visi

let's recall some other ceos bought shock remember jamie dimon. february 2016. that stock raleddy more than 95% famdsly known as the dimon bottom don't forget about the steve wynn betting on his casino stock. this is something pete are refers to a lot. rallying more than 54% six months later could there be upside for tesla. >> not based on this like, i think the main point is yes he bought on every equity offering, even bought on convert ofrpgs think about it when the company issues new shares it's dilutive. he is trying to manage the dilution but the most important story we keep hearing rumors about is that this company is going to need to raise capital soon that's the issue how they do it and on what terms. ke buy whatever he wants the stock is not going up until we have a fix to a $2 billion capital hold in my opinion. >> or they bought a plot of land in shanghai to build a factory they have to raise money probably in the asian markets for a $2 billion facility there in asia, not even thinking about the cash needs here in the united states. >> can i ask pete a

what jamie dimon has to say about the economy is very interesting. >> and very telling. the earnings are really going to be secondary. certainly this past quarter earnings unless they are dreadful but i think that's secondary guidance, i think. but really it's his -- nobody has a better view on the economy than he does and i think -- i don't know, i want to hear what his view on the fed is i don't know if he gives that view sometimes he speaks out of turn and -- but i'd love to hear his view on the fed and whether he is concerned the fed is tightening too quickly. >> he is unvarn i should in commentary and that's what makes it so valuable. >> it is and they deserve the premium valuation they get they are within ear shot of the 52-week high morgan stanley made a 52-week low today. there is clearly the capitalism between haves and have knots gets larger. that's continuing. look at goldman sachs which i've been a bull on for sometime. but the change in management and seemingly the way they change the business model overnight gives me some concern. so i think jp morgan is go

david: jamie dimon crossing president trump and heep heaping praise on jerome powell.im question dimon tells reports we think chairman powell is doing and excellent job. last month he had to walk back comments that he could beat president trump in an election because he's tougher and smarter than he is. but we would like to remind jamie dimon and chairman powell since president trump's election the dows jones industrial is up 7,000 points. mniger, let's talk about what happened last night. antifa, the radical left wing outfit that follows through on what democrats are advising people to get radical. they attacked the republican headquarters in new york city. they did damage, and they said in a note attached to their damage, this is merely the beginning. it's the same week eric holder and hillary clinton said if you disagree with somebody you don't have to be civil with them. do you see any connection? >> i absolutely do. you have not had leaders, a former first lady and secretary of state, a former attorney general actually encouraging this kind of mob recklessness vio

morgan chase bank top international finance figure jamie dimon and the chairman of the ford motor company bill ford say they won't be going u.s. secretary of state might prompt who is known as way to saudi arabia what he asks and what he's taught me will dictate what america does next alan fischer al-jazeera washington. well it's more about this without serious senior political analyst marwan bashar so i mean the i'll ask you also what you think is actually going to achieve in saudi let's start with this so-called davos and that there's a how damaging is it to mohamed bin salons of the saudis in general that the whole thing is looking like a bit of a disaster right. this is this is not just a normal conference this is the second in a series that's meant to cement the so-called vision two thousand and thirty whereby the future of the saudi economy dependent on diversification beyond oriel and having international investment international interest in the restructuring of the saudi economy investing in the so with the economy for the next thirteen years so i think it's very very important no

morgan ok me die and he was jamie dimon he was pretty cautious looking at the future with higher interest rates with trading right problems there was higher tariffs and so on and so forth so yes all there are still some warning signs so i guess we still have to wait and see if this horror shows a little blame or something bigger we have to leave it a financial correspondent thank you very much. well this could he help the trade war figures show that china's trade surplus with the u.s. has hit a record high now despite washington introducing tariffs on two hundred billion dollars worth of chinese goods in september china exports hit thirty four billion dollars more goods to the u.s. than it imported financial experts warn of global economic turmoil. and the w.c. spoke with the head of germany central bank at the international monetary fund and the world bank meeting in bali yang's a vitamin a says a resulting trade disputes would be easier if the wall trade organization were reformed. it's key to strengthen the multilateral trade mechanism and that's the w t o but we all agree. that there

dagen: i wonder how the overall market will react to jamie dimon's comments. >> luke warm. they're a little light in terms of enthusiasm and positivity. so far what we've gotten about the global economic outlook and unsense at thises, when have you a -- uncertainties, when you have a jamie dimon who saw the financial crisis coming two years before anybody else did, it could cause concern. we need to listen to what he has to say later this morning. >> it's interesting, though, if the economy slowed down a little bit, wasn't doing as well as we anticipated and the fed came out and said we're looking at two rate hikes next year, would that be reason for this market to rally or to recover the losses of the last few days? maria: then it's the question of growth. if you're only going to raise two times, what will that mean for growth. >> any day of the week i'll take the growth. maria: in other words, you don't mind rates going higher. >> for the right reasons. maria: that makes sense. that's why futures this morning are pointing higher following the concerns of interest rates an

could count up ceos >> i'm not suggesting they're not optimistic now, because they are, including jamie dimon today on jpmorgan's own earning call. >> jamie's been great. jamie is an optimist he was in my office a couple days ago tim cook is in touch with us constantly could i go through a long litany you have a steady dollar, low commodity prices, low gold prices the actual inflation numbers are 2% or less most of the increase in long-term rates, the ten years and so forth, is the growth factor it's the real interest rate that's rising. that's indicative of a good boom that will go for a while regarding trade, scott, okay, let me make a point here the president's view is to replace the unfair and nonreciprocal trading practices which have proliferated around the world including china. not only but including china his view is we need a world of zero tariffs, zero nontariff barriers, zero subsidies, and play by the rules of the wto, which itself is going to require reform now that's going to take a lot of hard work we're involved in it it's a trade reform effort that, i think, will pay off hug

on bloomberg, the chairman and chief executive ofjpmorgan chase, jamie dimon, has said that boycottingal khashoggi was pointless. a story from brazil next, where the folha de sao paolo is reporting that the newly elected president, jair bolsonaro, plans to merge the country's environment ministry with its agriculture ministry. conservationists think that will open the door to environmental destruction. and, since it is halloween, a story from graveyards in the philippines. the philippine star says the country's bishops have warned their congregations to beware of fake priests offering to say prayers for the departed in exchange for money. you can do it yourself. with me is fiona cincotta, who is a senior market analyst with the financial betting company city index. so the financial times, they headline story, brussels tells traders it will not slam the door to city clearing. are we breathing a sigh of relief? this is fantastic news, it is great news, but thinking about the sense of it, the london clearing house,

morgan chase jamie dimon on the u.s. economy, he discusses the tax reform bill passed last december and the trump administration's efforts on deregulation. held by the american enterprise institute, this is an hour. >> delighted to welcome all of you here, and all of us watching online, to our friends in the press. what an honor and a light it is for me to host jamie dimon, who is sitting here to my right, as all of you know, he is the

jamie dimon says investors shunning me saudi arabia conference accomplished nothing.said business with the gulf nation continue. is, if was -- the issue the event took place, we do not an investment, conference we could not be seeing condoning that behavior. says the lion air jet that crashed monday may have been found. the armed forces chief says they have identified the possible c boyd -- seabed location. crash involving the boeing 730 78. cockpit recording suggest the pilots faced a problem almost immediately. this is bloomberg. manus: thank you. fresh evidence the pain of the trade tensions, what are they really causing? pmi falling to 50.2, the weakest reading and more than two years. a close to the worst month for global stocks in more than six years. of royals, the cio asset management. when you look at the drawdown on stocks, has a got the potential to get worse? or is it just a reminder nothing stays up forever? >> it is probably a combination of the two. i saw you in the summer, looking through my notes. you were talking about our expectation markets have ru

media partners have pulled sponsorerships including "the new york times" and jpmorgan chase ceo jamie dimonill no longer attend. and ford executive chairman bill ford will no longer go to scheduling and steve mnuchin plans to be on there, at least for now. >>> president trump admits vladimir putin is probably involved in assassinations and poisonings and he doesn't seem too worried about it. in an interview with "60 minutes" he was asked why he was so hesitant to criticize the russian leader. in this exchange with lesley stahl, he said putin's conduct is of less concern because the victims are not in the united states. >> do you agree that vladimir putin is involved in assassinations, in poisonings? >> probably, he is. probably. >> probably? >> probably. but i rely on them. it's not in our country. >> but why not -- they shouldn't do it. this is a terrible thing. >> of course they shouldn't do it. >> when it comes to interfering in u.s. elections, president trump says he believes china is a bigger problem than russia. >>> president trump is also defending his speech at a mississippi rally t

[applause] [indiscernible conversations] >> live later today on c-span, jamie dimon will talk about the economy and financial policy at 1:15hur brooks, live p.m. eastern. at 2:00, hillary clinton at the atlantic magazine conference in washington, d.c. efter the conversation w will hear from chris christie and kellyanne conway starting at 2:00 eastern on c-span. actiontol hill, senate on the nomination of brett kavanaugh to the supreme court is on hold during an fbi investigation into allegations of sexual assault, but senate floor debate continues. you can watch on our companion network, c-span2. honolulu, bus was in hawaii for the 39th stop of our 50 capitals tour. this weekend we feature our visit to hawaii. 's history,awaii culture, and public policy issues. saturday on c-span at 7:00 a.m. eastern on "washington journal" the director of hawaii's office of planning will talk about homelessness and lack of affordable housing. book onoleman on his the life of a native hawaiian surfer. then a visit to the university of hawaii for the extensive book collection of a late u.s. senator. cont

jamie dimon, the boss ofjpmorgan chase, someone i have met and heard speak on many occasions. someone who is quite brash, says what he thinks. you know, the head of one of the most important investment banks in the us. he was one of the first to of the investment conference in riyadh because of the tragic death ofjamal riyadh because of the tragic death of jamal khashoggi. he riyadh because of the tragic death ofjamal khashoggi. he is now saying he thinks it had no impact at all.|j don't think that is true, they're pulling out was a symbolic movement, and they couldn't be seen, and the us and big us companies couldn't be seen, to be condoning this behaviour. but many of them did still go, in the defence industry, for example, they were still there. yes, which is a massive contradiction we are seeing, but it was important for this to be a symbolic movement. yes, it wouldn't have made any difference as far as investment is concerned, but the world was viewing that they were not condoning the behaviour.m world was viewing that they were not condoning the behaviour. it is quite in

morgan's jamie dimon and the chairman of ford will not attend the future investment initiative conferencesaudi arabia at the end of the month. both companies didn't say explicitly whether the decision was because of concerns over the disappearance of journalist jamal khashoggi, but the list of business leaders who've cancelled their trips is growing. it includes uber‘s chief executive and virgin's richard branson amongst others. as the international monetary fund and world bank meetings were wrapping up over the weekend, christine lagarde, the head of the imf was asked if she would be going to riyadh. take a listen. human rights, freedom of information are essential rights, and horrifying things have been reported, and i am horrified. but i have to conduct the business of the imf in all corners of the world, and with many governments. and when i visit a country, i always speak my mind. you know me, i do. so at this point in time, my intention is to not change my plan, and to be very attentive to the information that's coming up in the information that's coming up in the next few days. chr

what will really face people like jamie dimon is how much do they dip their foot back in the water whenngs calm down. the crown prince has had controversial policies in yemen, detentions of princes, of journalists this has been going on for months and it has not risen to the level of international outrange the khashoggi case has now they have to decide whether the deal flow is worth the bad reputational risk they put for their banks and financial institutions back on wall street >> we know at this point the vast wealth that comes out of saudi arabia, that's the reason why the private investment fund has their fingers in so many different projects and so many investments. is there a sense that the ceos out there would be hesitant to take saudi money because of something like this? >> they are. we've seen richard branson and some others, they have tried to disavow from some of the money coming in from the saudi foreign investment fund. but mohammed bin allmsalman the years ago turned this sovereign wealth fund very active internationally. they have taken stakes in uber dara was supposed t

alison: as far as comments on the federal reserve, i think the most interesting thing was jamie dimon'sthat 4% is perhaps more appropriate. he previously said 5%, so that is a bit lower. and also making the comment, obviously come into president wants rates to be lower, however i think, again looking at the broader commentary, the tax cuts, the better revelatory environment has been very good for banks and for the economy. kailey: thank you. guy: thank you, alison. this is bloomberg. ♪ guy: from london i'm guy , johnson. vonnie: from new york, i'm vonnie quinn. this is "bloomberg markets." kailey: futures in focus. guy: keeping prices elevated and oil. the cme. the demand falls, prices rise. do you agree? >> if demand falls, prices are going to be a little bit on the even side to the upside. the interesting thing about all the opec news, everything coming out of the opec countries, is are alreadyd we adequately supplied. that will take volatility out of the market. so unless something happens, you know, if we go to some type of -- like tensions increase, another section comes into play,

jamie dimon as good as it gets it had record profits last quarter. and look at earnings and revenue growth is strong this is the greatest i own the stock. i think it's in heaven. >> are you worried about mortgage origin nations coming down one month, three month spreads >> there are other aspects of the business doing so well that can balance out. credit cards being one. >> are you worried it's one of the best performing bank stocks in the market downturn that's the first where investors take profits. >> i don't know that they would. take profits other places and if they did it's great opportunity to buy sfl next stock. wells fargo. deanne. >> well, inferno i have a god reason. i think one of the best pair trades in the in market could be long jp morgan and short wells fargo. this one has regulately scrutiny a lot no shortage of scanned als. but when you think about the consumer lending and things going on, the cyclically could be going on in the economy they are very exposed. loan growth, you know, auto loans that sort of thing i want to stay away f

gasparino with the back story on what finally pushed dozens of titans of finance and business from jamie dimon to stephen schwartzman and now to cancel their travel plans. plus, american icon shuts its doors at sears finally files for bankruptcy appeared to retailers who stand the best chance at selling sears legendary shoes and why you might want to start investing once start investing once he heard the name. can they hold the pace for less than an hour to the closing bell? let's start the countdown. we are up, we're down from all across the unchanged line anytime soon out of dallas just coming off session highs after seen the worst week in the market since march. we have a higher by 114 points. investors seem to be weighing the impact of rising rates, trade uncertainties still in play intentions ramping ups in saudi arabia appeared without the s&p 500 in positive solid territory. to close lower due to the weakness on the tech sector over the nasdaq as we look at this right now has been up, let's see, it's been flat. the only one that has sometimes tire into the green down about eight to 10 p

media partners have pulled partnerships and now jpmorgan chase's jamie dimon won't attend.y haven't said why, but he ease pulled out. bill ford has pulled out, because of scheduling. but steve mnuchin will be there and they'll be evaluating the information this week. >>> let's talk about this from washington with political economist greg valuier, a chief strategist from horizon investment. >> good morning. >> so we'll talk about that conference in a moment. but let's start with what the united states can do because president trump promised severe punishment. here's what marco rubio said on sunday about what the u.s. can do. >> i believe the trump administration will do something. the president has said that. but if he doesn't, congress will. that i can tell you with 100% certainty. >> well, severe action needs to be taken. i think the congress will take it upon themselves to take that action if it turns out as the press reporting seems to indication that saudi arabia was involved. >> okay, greg, so the president made clear that $100 billion arms deal no matter how much it's

jamie dimon is not going to go. larry fink is not going to go. jamie dimon head of jpmorgan.ll formerly of the trump administration of goldman sachs will not go. guess what, they're all sending representatives there. i'll tell you, liz, the other wall street firms, i give them credit for not making entire spectacle out of this thing. the fact that david solomon the ceo of goldman sachs goes on cnbc, those dopes don't know how to ask a followed upquestion that is accurate. he goes on says no senior executives are going. dean no powell is not going. they should have anybody else going, any bankers going? essentially what is happening here. for him to do that get cheap headlines what he did. every wire service picked up goldman sachs is not going to the conference. "the new york times" picked up goldman sachs is not going to conference. guess what, ladies and gentlemen, the money is so food, that as of now, this might change over the weekend they are planning to send reps from riyadh and u.a.e. to the conference. we have gotten that confirmed from inside, senior officials from g

joining jamie dimon, christine lagarde and more. charlie gasparino says wall street may not totally turn its back on the saudis, even with the cloud of a possible murder of a saudi-born man. he breaks it next. kevin, meet your father. kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james financial advisor can do for you. liz: after days of questions, the trump administration has finally deserted davos in the desert. treasury secretary steven mnuchin had been scheduled up until about 11:29 a.m. eastern for weeks to attend, but then a minute later via twitter, he abandoned plans to attend this saudi conference. of course, he follows, doesn't lead, he follows this who's who list of withdrawals from the country's premier financial event after questions swirl about the crown prince of saudi arabia's involvement or knowledge, the disappearance and possible murder, likely murder, of a saudi critic named khashoggi. charlie gasparino has new det

and international business figures, jamie dimon, bill ford, david to trace, all backing out of participation. so if the business community decides that they don't want to participate, don't want their brand associated with saudi arabia, that is going to be a huge blow to their economic ambitions. taking your calls, talking about u.s.-saudi relations and the disappearance of journalist, jamal khashoggi. if you want to join us, give us a call. republicans, (202) 748-8000. democrats, (202) 748-8001. independents, (202) 748-8002. you mentioned a minute ago that armsption was to suspend sales. why do we sell so many arms to saudi arabia? guest: the u.s. and saudi arabia have had a close relationship since the immediate post-world war ii era. the united states has basically help saudi arabia build its entire military and security infrastructure. it is heavily dependent on u.s. arms, u.s. security architecture . and this has been a tradition that has gone back because we recognized that the u.s. and importantia share objectives, not only in the region, but globally. a share a desire to ensure stabl

we have a news alert on comments from jp morgan ceo jamie dimon let's get to eamon javers in d.c. >> jamie dimon speaking at a conference sponsored by jp morgan at ucla giving his take here on the battle between the united states and china, whether or not it's a trade war and what its impact is likely to be here is what he had to say. >> a trade war is that people stop trading with each other and that they immediately change supply lines and that will -- that will rattle the global economy. there is no question about that. that is a lot of movement around the world then you are going to have foreign trading partnership partnering taking actions. you can offset it could cause a recession. >> jamie. >> but it's not a war. okay a war is people pick up guns and people die >> so dimon there saying it's not as serious as a war obviously in which people are shooting at each other but laying out the sowers economic consequences coming from a trade war. the nuance here we need to find out more information on is whether or not dimon thinks we are in a trade war right now or whether this is red

jpmorgan's jamie dimon dropped the s-bomb over bitcoin. smashing cake right in crypto's face.eady with the towel. >> i didn't want to be the spokesman against bitcoin. i don't really give a [ bleep ]. that's the point, okay? liz: did he say the "s" word? just about every crypto currency from ripple to bitcoin faced an uphill battle with traditionalists. i'm talking about bankers and market regulators. but the guy's simply trying to launch crypto etfs and funds have gotten the most bloodied. multiple funds including the famed winkelvos twins. but not our next guest. he and his fund are closer than anyone right now to becoming reality. he's leading the bitcoin charge with something called the solid x bitcoin etf. he joins us in a fox business exclusive. what do you mean? how close are you? >> we are -- i don't know exactly how close we are. we are the closest that we can be. it is very clear to me that america wants a bitcoin etf and we are here to build it. so we are waiting for regulatory feedback and hoping that we get the thumbs up. liz: america is maybe acting like a kid on

jamie dimon has become the latest corporate leader to drop out of saudi arabia's davos in the desertvent. that follows the disappearance of jamal khashoggi. is also facing calls to skip the conference scheduled to take place in riyadh. sears has filed for bankruptcy. the 125-year-old company, wants america's biggest u.s. retailer -- once america's biggest retailer, has collapsed. -- the result of multiple attempts to keep the chain afloat. abu dhabi has delayed plans for an ipo of spanish oil company cepsa citing market conditions. investors showed muted appetites. should it go ahead, it would be the biggest ipo in a decade. that is your bloomberg business flash. matt: thanks very much. your world and national news out of dubai. we are minutes away from the open. up next, a look at the stocks bt want to watch, including after greenlight capital is said to have built a medium-sized position in the company, according to a report in the times. ♪ anna: good morning. 7:54 in london. let's go around the newsroom and find out the stocks we are watching. joe eastman joins us for the latest o

reporter: the head of jpmorgan chase, jamie dimon, says no president wants to see interest rates go up. he says quote, we think chairman powell is doing an excellent job. the federal reserve is watching the developments going on in the stock market and the volatility. in fact, the chicago federal reserve president said that today, actually, he believes if inflation stays around 2%, they could see the federal reserve pausing when they get to that 3% federal funds rate. we have to see what happens later on. back to you. liz: i want to ask about this growing storm out of the saudi arabia story, because no doubt, the president will be asked that if he does speak to journalists and reporters. this "washington post" columnist who has disappeared and is reportedly been murdered when he walked into the saudi embassy in turkey, this starts to generate a whole bunch of business questions as well, not to mention the horrific, the concept of something like that happening. a lot of u.s. companies have saudi money in them, right now, don't they? we can put up on the screen. tesla, uber, wme has a mi

jamie dimon is nice guy. i don't want him to have more of my money. melissa: dick bove, thank you. fantastic. david: running on a booming economy. wall street on edge ahead of the midterm elections but will signs of a strong economy keep voters optimistic about the future of the united states? charlie hurt of "the washington times" coming next. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. because when you want to create an entirely new feeling, the difference between excellence and mastery, is all the difference in the world. introducing the all-new lexus es. a product of mastery. experience amazing at your lexus dealer. benjamin franklin capturedkey lightening in a bottle. over 260 years later, with a little resourcefulness, ingenuity, and grit, we're not only capturing energy from the sun and wind, we're storing it. as the nation's leader in energy storage, we're ensuring americans have the energy they need, whenever they need it. this is our era. this is america's energy era. nextera energy. hi, my name is sam davis and